Chevy Chase Trust Holdings LLC Has $4.81 Million Stake in The AES Co. (NYSE:AES)

Chevy Chase Trust Holdings LLC trimmed its position in The AES Co. (NYSE:AES) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 373,775 shares of the utilities provider’s stock after selling 9,009 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.05% of AES worth $4,810,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of AES. Millburn Ridgefield Corp bought a new stake in AES in the third quarter valued at $28,000. Cromwell Holdings LLC grew its position in AES by 59.1% in the third quarter. Cromwell Holdings LLC now owns 1,723 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 640 shares during the period. Brooklyn Investment Group bought a new stake in AES in the third quarter valued at $63,000. Blue Trust Inc. grew its position in AES by 69.3% in the third quarter. Blue Trust Inc. now owns 3,688 shares of the utilities provider’s stock valued at $74,000 after acquiring an additional 1,509 shares during the period. Finally, Toth Financial Advisory Corp bought a new stake in AES in the fourth quarter valued at $95,000. 93.13% of the stock is currently owned by institutional investors and hedge funds.

AES Price Performance

Shares of AES stock opened at $10.28 on Wednesday. The stock has a 50-day moving average price of $11.88 and a 200 day moving average price of $14.85. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 3.21. The firm has a market cap of $7.31 billion, a price-to-earnings ratio of 7.14, a PEG ratio of 0.84 and a beta of 0.99. The AES Co. has a 12 month low of $9.88 and a 12 month high of $22.21.

AES Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a dividend of $0.176 per share. The ex-dividend date was Friday, January 31st. This represents a $0.70 dividend on an annualized basis and a yield of 6.85%. This is a boost from AES’s previous quarterly dividend of $0.17. AES’s dividend payout ratio (DPR) is 48.61%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Bank of America assumed coverage on AES in a research report on Monday, November 25th. They issued an “underperform” rating and a $11.00 price target on the stock. Hsbc Global Res upgraded AES to a “strong-buy” rating in a research note on Friday, December 13th. Barclays lowered their target price on AES from $17.00 to $12.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Susquehanna lowered their target price on AES from $24.00 to $21.00 and set a “positive” rating for the company in a research note on Tuesday, November 5th. Finally, Mizuho lowered their target price on AES from $24.00 to $16.00 and set an “outperform” rating for the company in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, AES has an average rating of “Moderate Buy” and an average target price of $18.80.

AES Profile

The AES Corporation, together with its subsidiaries, operates as a diversified power generation and utility company in the United States and internationally. The company owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries; owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors; and generates and sells electricity on the wholesale market.